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Market Report

Thursday, 21-June-2012

NSE

  • The markets closed with substantial gains today with realty, banking, capital goods and power being the biggest gainers. Oil & gas lost substantially today and consumer durables and IT, too, closed negative. The Sensex closed at 17033, up 136 points from its previous close, and the Nifty shut shop at 5165, up 44 points.

  • The top Nifty gainers today were JP Associates, Reliance Infra, DLF and BHEL while the biggest losers included RIL, Cairn India, TCS and Ambuja Cements.

  • The market is likely to trade sideways and a breakout seems elusive, says Sarvendra Srivastav, technical analyst, on NDTV Profit. The Nifty is likely to remain in a 100-point range, from 5150 to 5050, he adds.

  • Nifty is unlikely to go below 5000 in the short term, says Ashish Maheshwari of Global Capital Market on CNBC Awaaz.

  • If Nifty level of 5085 is violated on closing basis, then it could correct to 4970, says Mitesh Thacker, technical analyst, on ET Now. Upside trigger will come in only on crossing 5180, he adds.

NIFTY 3-Month